Geographic Distribution of Mortgaged Properties Sample Clauses

Geographic Distribution of Mortgaged Properties of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average of Date Date Gross Remaining Comb Mortgage Principal Principal Interest Term Original Geographic Distribution of Mortgaged Properties Loans Balance ($) Balance Rate (%) (months) LTV ---------------------------------------------------------------------------------------------------------------------------- California 276 57,876,989 37.36 6.767 355 77.17 Florida 205 30,671,153 19.80 6.913 355 80.33 Texas 86 8,671,850 5.60 7.515 335 79.68 New York 34 7,723,050 4.99 7.068 355 74.71 Washington 40 6,572,694 4.24 6.791 348 80.52 Virginia 22 3,599,538 2.32 7.372 356 77.49 Minnesota 22 3,499,775 2.26 6.791 356 80.90 Illinois 25 3,445,391 2.22 7.945 354 80.03 New Jersey 17 3,294,041 2.13 7.690 356 77.08 Michigan 25 2,746,740 1.77 7.653 349 81.25 Massachusetts 11 2,680,405 1.73 6.845 356 74.78 Nevada 16 2,586,937 1.67 7.479 339 78.46 Ohio 29 2,482,638 1.60 7.357 338 75.93 Maryland 13 2,186,150 1.41 7.645 356 78.26 Colorado 12 1,979,685 1.28 6.496 356 81.39 Other 122 14,895,132 9.62 7.212 349 78.92 ---------------------------------------------------------------------------------------------------------------------------- Total: 955 154,912,167 100.00 7.004 352 78.38 Number of States/District of Columbia Represented: 39
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Geographic Distribution of Mortgaged Properties of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Geographic Distribution Mortgage Principal Principal Interest Term Original FICO of Mortgaged Properties Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------------ Alabama 2 245,104 0.02 7.178 211 94.01 682 Arizona 185 22,896,474 2.02 7.468 336 83.48 638 Arkansas 5 524,298 0.05 7.958 357 92.97 588 California 2,776 645,854,800 57.01 6.983 339 81.49 647 Colorado 99 12,672,831 1.12 7.217 337 85.11 638 Connecticut 81 17,619,484 1.56 7.415 350 82.96 617 Delaware 12 1,860,419 0.16 7.980 318 85.12 580 District of Columbia 20 4,157,393 0.37 7.378 343 80.55 615 Florida 296 37,108,358 3.28 7.728 338 82.51 628 Georgia 113 13,514,415 1.19 7.921 329 86.35 632 Idaho 44 3,274,270 0.29 7.641 334 84.16 632 Illinois 249 37,140,943 3.28 7.498 345 84.16 628 Indiana 21 1,614,677 0.14 7.487 332 84.13 625 Iowa 6 648,730 0.06 7.515 350 83.01 598 Kansas 18 1,452,557 0.13 7.655 336 85.72 630 Kentucky 15 1,323,720 0.12 7.218 315 82.20 635 Louisiana 81 7,106,687 0.63 8.059 334 82.26 594 Maine 12 1,244,052 0.11 7.781 334 85.07 607 Maryland 251 38,859,121 3.43 7.585 339 82.42 623 Massachusetts 74 16,572,338 1.46 7.173 344 82.50 630 Michigan 49 4,441,936 0.39 8.109 340 83.75 600 Minnesota 15 2,922,812 0.26 7.735 357 85.08 587 Mississippi 22 2,007,941 0.18 8.450 349 88.74 602 Missouri 38 3,225,537 0.28 8.113 340 85.84 629 Montana 27 2,848,619 0.25 7.657 337 84.44 617 Nebraska 3 291,350 0.03 7.563 339 79.61 611 Nevada 140 20,973,091 1.85 7.383 337 81.42 641 New Hampshire 12 1,780,179 0.16 7.565 343 83.44 610 New Jersey 185 37,325,230 3.29 7.387 344 81.08 626 New Mexico 16 1,600,703 0.14 7.951 329 85.20 627 New York 250 59,209,868 5.23 7.104 347 81.42 634 North Carolina 68 5,542,513 0.49 7.983 321 84.17 623 Ohio 33 3,740,254 0.33 7.668 346 85.18 642 Oklahoma 30 2,709,121 0.24 8.174 342 87.00 600 Oregon 32 3,819,944 0.34 7.792 338 85.76 635 Pennsylvania 107 12,697,072 1.12 7.777 349 83.38 613 Rhode Island 26 4,468,716 0.39 7.172 342 82.17 617 South Carolina 17 1,606,172 0.14 8.390 327 87.65 594 Tennessee 48 5,366,045 0.47 7.691 335 86.44 610 Texas 358 35,139,516 3.10 7.798 330 82.99 637 Utah 13 1,034,893 0.09 7.675 325 85.90 640 Vermont 6 867,689 0.08 7.854 358 87.04 610 Virginia 244 36,994,485 3.27...
Sample 1
Geographic Distribution of Mortgaged Properties of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted of Date Date Gross Remaining Average Mortgage Principal Principal Interest Term Original Geographic Distribution of Mortgaged Properties Loans Balance ($) Balance Rate (%) (months) LTV ----------------------------------------------- -------- ------------- --------- -------- --------- -------- California 1,306 272,196,844 34.29 6.571 352 76.37 Florida 421 56,100,295 7.07 7.040 353 80.40 New York 222 52,300,932 6.59 6.764 352 78.72 Illinois 215 36,906,600 4.65 7.376 353 84.11 Texas 346 33,783,956 4.26 7.043 328 79.54 Massachusetts 128 27,861,656 3.51 6.838 354 80.41 New Jersey 128 25,915,666 3.27 7.202 353 81.14 Washington 122 20,854,509 2.63 6.690 356 82.02 Michigan 181 20,837,981 2.63 7.389 354 82.41 Maryland 110 19,716,895 2.48 7.032 354 80.84 Nevada 94 17,651,581 2.22 6.926 351 82.16 Minnesota 107 16,420,915 2.07 7.006 353 81.71 Virginia 87 13,867,785 1.75 7.088 353 81.21 Arizona 100 13,094,226 1.65 6.760 354 82.24 Connecticut 69 11,745,549 1.48 6.962 356 79.75 Other 1,202 154,472,414 19.46 7.104 351 83.12 Total: 4,838 793,727,802 100.00 6.879 351 79.80 Number of States/District of Columbia Represented: 51 Top
Sample 1
Geographic Distribution of Mortgaged Properties of Mortgage Pool by Aggregate Aggregate Weighted Weighted Number Cut-off Cut-off Average Average Weighted of Date Date Gross Remaining Average Mortgage Principal Principal Interest Term Original Geographic Distribution of Mortgaged Properties Loans Balance ($) Balance Rate (%) (months) LTV ----------------------------------------------- -------- ----------- --------- -------- --------- -------- California 440 156,699,962 38.52 6.501 356 80.69 New York 121 34,737,909 8.54 7.003 351 78.80 Florida 170 25,018,784 6.15 7.425 348 79.30 Illinois 88 16,969,211 4.17 7.186 356 83.18 Texas 156 16,348,255 4.02 7.351 324 75.45 New Jersey 67 16,305,944 4.01 7.574 350 76.58 Massachusetts 49 12,998,060 3.20 6.724 348 77.71 Michigan 87 12,555,146 3.09 7.852 356 78.90 Maryland 46 10,371,879 2.55 7.306 348 82.93 Virginia 31 7,499,495 1.84 7.266 358 82.02 Georgia 47 6,811,846 1.67 7.783 349 79.34 Arizona 43 6,276,788 1.54 7.129 344 80.81 Nevada 29 6,271,388 1.54 7.182 358 78.67 Hawaii 23 6,135,700 1.51 6.536 344 80.04 Washington 32 6,123,202 1.51 6.848 356 81.26 Other 462 65,626,346 16.13 7.403 347 81.79 Total: 1,891 406,749,915 100.00 6.983 351 80.23 Number of States/District of Columbia Represented: 50 Top
Sample 1
Geographic Distribution of Mortgaged Properties of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average of Date Date Gross Remaining Combined Geographic Distribution Mortgage Principal Principal Interest Term Original of Mortgaged Properties Loans Balance ($) Balance Rate (%) (months) LTV ----------------------------------------------------------------------------------------------------------- California 1,329 232,431,714 54.26 6.659 343 80.68 Illinois 150 20,593,534 4.81 6.926 344 82.75 Florida 148 18,025,410 4.21 7.258 343 85.29 Texas 155 16,075,856 3.75 7.078 332 82.09 New York 69 15,017,814 3.51 6.782 351 78.15 Virginia 92 12,276,416 2.87 7.157 344 85.21 Arizona 111 11,504,373 2.69 7.141 337 85.55 Washington 95 11,191,378 2.61 7.004 337 82.72 Maryland 78 10,503,663 2.45 7.306 340 82.23 Georgia 80 8,630,010 2.01 7.670 338 84.26 Nevada 56 7,537,323 1.76 6.687 341 85.94 Colorado 56 6,963,991 1.63 7.033 336 83.52 Pennsylvania 62 6,844,658 1.60 7.200 332 84.19 Massachusetts 32 6,321,294 1.48 6.794 344 80.61 Louisiana 53 5,158,591 1.20 7.385 340 85.23 Other 348 39,327,465 9.18 7.118 345 85.53 Total: 2,914 428,403,491 100.00 6.858 342 82.06 ----------------------------------------------------------------------------------------------------------- Number of States/District of Columbia Represented: 43
Sample 1

Related to Geographic Distribution of Mortgaged Properties

  • Operation of Mortgaged Property Hold, lease, develop, manage, operate or otherwise use the Mortgaged Property upon such terms and conditions as Mortgagee may deem reasonable under the circumstances (making such repairs, alterations, additions and improvements and taking other actions, from time to time, as Mortgagee deems necessary or desirable), and apply all Rents and other amounts collected by Mortgagee in connection therewith in accordance with the provisions of Section 5.7.

  • Type of Mortgaged Property With respect to a Mortgage Loan that is not a Co-op Loan and is not secured by an interest in a leasehold estate, the Mortgaged Property is a fee simple estate that consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual residential condominium unit in a condominium project, or an individual unit in a planned unit development (or, with respect to each Co-op Loan, an individual unit in a residential cooperative housing corporation); provided, however, that any condominium unit, planned unit development or residential cooperative housing corporation shall conform with the Underwriting Guidelines. No portion of the Mortgaged Property (or underlying Mortgaged Property, in the case of a Co-op Loan) is used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. None of the Mortgaged Properties are Manufactured Homes, log homes, mobile homes, geodesic domes or other unique property types. This representation and warranty is a Deemed Material and Adverse Representation;;

  • Location and Type of Mortgaged Property The Mortgaged Property is a fee simple property located in the state identified in the Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual residential condominium unit in a condominium project, or an individual unit in a planned unit development and that no residence or dwelling is a mobile home, provided, however, that any condominium unit or planned unit development shall not fall within any of the "Ineligible Projects" of part VIII, Section 102 of the Fannie Mae Selling Guide and shall conform with the Underwriting Xxxxxxixxx. In the case of any Mortgaged Properties that are Manufactured Homes (a "Manufactured Home Mortgage Loans"), (i) the related manufactured dwelling is permanently affixed to the land, (ii) the related manufactured dwelling and the related land are subject to a Mortgage properly filed in the appropriate public recording office and naming Seller as mortgagee, (iii) the applicable laws of the jurisdiction in which the related Mortgaged Property is located will deem the manufactured dwelling located on such Mortgaged Property to be a part of the real property on which such dwelling is located, (iv) as of the origination date of such Manufactured Home Mortgage Loan, the related Mortgagor occupied the related manufactured dwelling as its primary residence; and (v) such Manufactured Home Mortgage Loan is (x) a qualified mortgage under Section 860G(a)(3) of the Internal Revenue Code of 1986, as amended and (y) secured by manufactured housing treated as a single family residence under Section 25(e)(10) of the Code. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. This representation and warranty is a Deemed Material and Adverse Representation;

  • Use of Mortgaged Property (a) Unless required by applicable law, without the prior written consent of Lender, Borrower will not take any of the following actions:

  • Restoration of Mortgaged Property The Servicer need not obtain the approval of the Trustee or the Master Servicer prior to releasing any Insurance Proceeds or Condemnation Proceeds to the Mortgagor to be applied to the restoration or repair of the Mortgaged Property if such release is in accordance with Accepted Servicing Practices. At a minimum, with respect to claims greater than $10,000, the Servicer shall comply with the following conditions in connection with any such release of Insurance Proceeds or Condemnation Proceeds:

  • Transfers of Mortgaged Property The Company shall use its best efforts to enforce any "due-on-sale" provision contained in any Mortgage or Mortgage Note and to deny assumption by the Person to whom the Mortgaged Property has been or is about to be sold whether by absolute conveyance or by contract of sale, and whether or not the Mortgagor remains liable on the Mortgage and the Mortgage Note. When the Mortgaged Property has been conveyed by the Mortgagor, the Company shall, to the extent it has knowledge of such conveyance, exercise its rights to accelerate the maturity of such Mortgage Loan under the "due-on-sale" clause applicable thereto, provided, however, that the Company shall not exercise such rights if prohibited by law from doing so or if the exercise of such rights would impair or threaten to impair any recovery under the related PMI Policy, if any. If the Company reasonably believes it is unable under applicable law to enforce such "due-on-sale" clause, the Company shall enter into (i) an assumption and modification agreement with the Person to whom such property has been conveyed, pursuant to which such Person becomes liable under the Mortgage Note and the original Mortgagor remains liable thereon or (ii) in the event the Company is unable under applicable law to require that the original Mortgagor remain liable under the Mortgage Note and the Company has the prior consent of the primary mortgage guaranty insurer, a substitution of liability agreement with the purchaser of the Mortgaged Property pursuant to which the original Mortgagor is released from liability and the purchaser of the Mortgaged Property is substituted as Mortgagor and becomes liable under the Mortgage Note. If an assumption fee is collected by the Company for entering into an assumption agreement the fee will be retained by the Company as additional servicing compensation. In connection with any such assumption, neither the Mortgage Interest Rate borne by the related Mortgage Note, the term of the Mortgage Loan, the outstanding principal amount of the Mortgage Loan nor any other material terms shall be changed without Purchaser's consent. To the extent that any Mortgage Loan is assumable, the Company shall inquire diligently into the credit worthiness of the proposed transferee, and shall use the underwriting criteria for approving the credit of the proposed transferee which are used with respect to underwriting mortgage loans of the same type as the Mortgage Loan. If the credit worthiness of the proposed transferee does not meet such underwriting criteria, the Company diligently shall, to the extent permitted by the Mortgage or the Mortgage Note and by applicable law, accelerate the maturity of the Mortgage Loan.

  • Condition of Mortgaged Property Except as Borrower may have disclosed to Lender in writing in connection with the issuance of the Commitment Letter, the Mortgaged Property has not been damaged by fire, water, wind or other cause of loss, or any previous damage to the Mortgaged Property has been fully restored.

  • Value of Mortgaged Property The Seller has no knowledge of any circumstances existing that could reasonably be expected to adversely affect the value or the marketability of any Mortgaged Property or Mortgage Loan or to cause the Mortgage Loans to prepay during any period materially faster or slower than similar mortgage loans held by the Seller generally secured by properties in the same geographic area as the related Mortgaged Property;

  • Maintenance of Mortgaged Property Borrower shall cause the Mortgaged Property to be maintained in a good and safe condition and repair, subject to wear and tear and damage caused by casualty or condemnation. The Improvements and the Equipment shall not be removed, demolished or altered (except for (1) normal replacement of the Equipment, (2) Improvements contemplated in an approved Operating Budget or pursuant to Leases in effect from time to time, (3) removals, demolition or alterations that do not cost more than 1% of the Principal Indebtedness or (4) an emergency which the Borrower shall have notified the Lender of in writing, including the action taken to remediate) without the consent of Lender which consent shall not be unreasonably withheld or delayed. Except with respect to an Insured Casualty which shall be governed by the terms and conditions provided herein, Borrower shall, or shall cause any tenants obligated under their respective Leases to, promptly repair, replace or rebuild any part of the Mortgaged Property that becomes damaged, worn or dilapidated. Borrower shall complete and pay for any structure at any time in the process of construction or repair on the Land. Borrower shall not initiate, join in, or consent to any change in any private restrictive covenant, zoning law or other public or private restriction, limiting or defining the uses which may be made of any Mortgaged Property or any part thereof without the written consent of Lender, which consent shall not be unreasonably withheld or delayed. If under applicable zoning provisions the use of all or any portion of the Mortgaged Property is or shall become a nonconforming use, Borrower will not cause or permit such nonconforming use to be discontinued or abandoned if such discontinuance of abandonment would cause such nonconforming use to no longer be permitted without the express written consent of Lender, which consent shall not be unreasonably withheld or delayed. Borrower shall not (i) change the use of any of the Land or Improvements in any material respect, (ii) permit or suffer to occur any waste on or to any Mortgaged Property or to any portion thereof or (iii) take any steps whatsoever to convert any Mortgaged Property, or any portion thereof, to a condominium or cooperative form of management.

  • Releases of Mortgaged Properties No Mortgage Note or Mortgage requires the mortgagee to release all or any material portion of the related Mortgaged Property from the lien of the related Mortgage except upon (i) payment in full of all amounts due under the related Mortgage Loan or (ii) delivery of "government securities" within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the "Investment Company Act"), in connection with a defeasance of the related Mortgage Loan; provided that the Mortgage Loans that are Crossed Loans, and the other individual Mortgage Loans secured by multiple parcels, may require the respective mortgagee(s) to grant releases of portions of the related Mortgaged Property or the release of one or more related Mortgaged Properties upon (i) the satisfaction of certain legal and underwriting requirements or (ii) the payment of a release price in connection therewith; and provided, further, that certain Crossed Groups or individual Mortgage Loans secured by multiple parcels may permit the related Mortgagor to obtain the release of one or more of the related Mortgaged Properties by substituting comparable real estate property, subject to, among other conditions precedent, receipt of confirmation from each Rating Agency that such release and substitution will not result in a qualification, downgrade or withdrawal of any of its then-current ratings of the Certificates; and provided, further, that any Mortgage Loan may permit the unconditional release of one or more unimproved parcels of land to which the Seller did not give any material value in underwriting the Mortgage Loan.

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